Haier to issue shares overseas

Updated 2018-04-12 13:39:01

Haier Group plans to go public on the China Europe International Exchange's D share market, the Shanghai-listed home appliance giant said today.

Not more than 400 million D shares will be issued, Haier said in a statement to the Shanghai Stock Exchange. The funds raised will be used in Haier's global expansion, including projects in the Belt and Road initiative, the company said.